Interactuar is a non-profit institution offering microfinance, practical vocational courses and business development services to rural and urban micro-entrepreneurs in low-income communities in Colombia. Since 1983, they have been working to create sustainable employment opportunities for communities affected by its armed conflict, geographic exclusion and high unemployment. 

Interactuar's services target low-income microentrepreneurs to assist them in:

− Starting a business and/or
− Growing the efficiency and competitiveness of their existing micro-business 

Unique Lending Approach:

Interactuar´s loans are offered to low-income aspiring or existing micro-entrepreneurs who don´t have access to normal streams of financing due to lack of credit history, collateral or rural/geographic exclusion. Interactuar goes to urban areas and remote towns that otherwise would not have access to financing.

Borrowers also have access to Interactuar´s full suite of business development services and vocational courses meant to prepare clients with practical experience.  This is an especially unique suite of services as bottom of the pyramid business owners do not usually have access to these kind of consulting services.

All of these services are designed to provide small business owners with holistic support in order to help generate sustainable businesses for low-income communities in Colombia. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 16, 2010 Oct 12, 2005
Total Loans $7,819,750 $720,705,200
Amount of raised Inactive loans $0 $513,950
Number of raised Inactive loans 0 352
Amount of Paying Back Loans $2,940,050 $133,013,825
Number of Paying Back Loans 3,536 152,720
Amount of Ended Loans $4,879,700 $587,177,425
Number of Ended Loans 6,087 728,047
Delinquency Rate 1.64% 7.25%
Amount in Arrears $31,243 $6,246,136
Outstanding Portfolio $1,899,689 $86,144,297
Number of Loans Delinquent 384 20,682
Default Rate 5.59% 1.16%
Amount of Ended Loans Defaulted $272,838 $6,837,380
Amount of Ended Loans $4,879,700 $587,177,425
Number of Ended Loans Defaulted 627 19,782
Currency Exchange Loss Rate 2.49% 0.27%
Amount of Currency Exchange Loss $194,841 $1,945,073
Refund Rate 0.44% 0.68%
Amount of Refunded Loans $34,475 $4,898,125
Number of Refunded Loans 35 5,415

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 56.55% 74.40%
Average Loan Size $813 $416
Average Individual Loan Size $813 $653
Average Group Loan Size $0 $1,849
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $11,100 $5,938
Average Loan Size / GDP per capita (PPP) 7.33% 7.01%
Average Time to Fund a Loan 15.42 days 6.37 days
Average Dollars Raised Per Day Per Loan $52.73 $65.31
  Average Loan Term 17.98 months 10.77 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 728 354,026
  Journaling Rate 11.44% 41.33%
  Average Number of Comments Per Journal 0.01 0.07
  Average Number of Recommendations Per Journal 0.01 1.57

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 33% PY 32.00% PY 31.97% PY
  Profitability (return on assets) 5.7% 5.1% -1.93%
  Average Loan Size (% of per capita income) 24.90% 23.00% 19.57%

Country Fast Facts

Field Partner Staff

Sara Arango Arroyave
Fredy Santiago Betancur Marín
Lina María Giraldo Mira
Melissa Grisales Henao
Santiago Jaramillo Santamaría
Daniel Guillermo Marulanda Diaz
Lina Montoya Franco
Jeniffer Naranjo
Andrés Felipe Ramírez Moncada
Maria Cristina Restrepo R
Daniel Velasquez